Baltic Exchange weekly report
THE BALTIC Dry Index was 1844 on Friday 17 May. The index is now 33% higher than it was in the same week last year. The Baltic Dry Index for the week ending Friday 17 May 2024....
Strong turnouts and messages mark day for women in maritime
SATURDAY 18 May was International Day for Women in Maritime – a day recognising the immense contribution of the women in our industry. The theme this year is Safe Horizons: Women...
Spirits sagging as deliveries delayed
THE COST of TT Line’s new Spirit ferries has risen and delivery of both vessels has been delayed, again. Spirit of Tasmania IV and V, being built by Finland’s Rauma Marine...
TechnipFMC wins another Woodside contract
UK AND US offshore engineering specialist TechnipFMC has secured a new contract with Woodside Energy for work tied to the Pluto LNG project on the North West Shelf. TechnipFM,...
PNG Ports has new CEO
FORMER Pacific Towing general manager Neil Papenfus has taken up the position of chief executive officer of PNG Ports Corporation Limited. This is the first permanent appointee to...
Ferry projects fraught on both sides of Tasman
DOCUMENTS released last week by the NZ Government show the country’s Ministry of Transport raised many concerns about the cost of the iReX Cook Strait replacement ferries long...
ACCC has cotton concerns
THE AUSTRALIAN Competition and Consumer Commission has issued a Statement of Issues outlining preliminary competition concerns with Louis Dreyfus Company’s proposed acquisition of...
Partnership looks at long-term biofuel use
A PROJECT to assess the impact of long-term and continuous use of biofuels on engine performance and fuel delivery system operations has been launched by the Global Centre for...
Dali suffered multiple blackouts
THE PRELIMINARY report of the US National Transportation Safety Board into containership Dali’s allusion with Baltimore’s Francis Key Scott Bridge has found the ship suffered a...
Trade, maritime and the Federal Budget
THE FEDERAL government handed down its 2024-25 budget on Tuesday night (14 May) and Australia’s maritime and logistics industries stand to benefit from some of its measures. The...
The Liner Shipping Game is coming to Australia
THE LINER Shipping Game, an educational tool created for the maritime industry, will soon be rolled out in Oceania. Sydney-based strategic advisory firm MPC International has...
Hapag happy despite 1Q slump v 2023
HAPAG-Lloyd has reported declines in group EBITDA, EBIT and profit for the first quarter of 2024 but is upbeat about trends and has revised its forecast for the full financial...
HMM another to report 1Q bounce
EVIDENCE of a strong first quarter recovery in container trade revenues and profits continues to emerge with Korea’s HMM turning in encouraging figures. The carrier’s revenue...
Rail sector happy with budget money
AN ALLOCATION of more than $1 billion in the 2024-25 Federal Budget has pleased the nation’s rail freight and infrastructure bodies. Peak body the Freight on Rail Group welcomed a...
Strategic support earns MIAL praise
THE FEDERAL Government last night committed more than $26 million to the advancement of proposals for an Australian strategic fleet, earning a huge tick form Maritime Industry...
